A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

I've got APR-2008 $10 puts, and the damn company just keeps bouncing along. It's not even declining - still the puts are up about 260%, so I can't complain.

The share price seems to be hovering around $9. It stopped declining in mid December. I guess it's "hit bottom", and "now is a great time to buy"! I'm hoping there's some major announcement or sell off in the next few months.

Since you think that buying real estate is a big waste of money, is this the time to buy Countrywide stock? The article says that it's down 75%, but that they predict the company will survive. Wouldn't that be an ironic recommendation!

The British also played a major role in blowing up the subprime lenders. In March, Barclays forced New Century mortgage, the big subprime lender, to buy back mortgages, in effect, throwing New Century under the bus and escalating the meltdown of the subprime lenders. Barclays also played a role in the Bear Stearns hedge fund fiasco which erupted inJune, as a major creditor to the bankrupt Bear funds. The issue is not whether the problems identified by the British were real—they are—but why the British would choose to exacerbate them. In previous financial crises, suchproblems would have been covered up, the factions more interestedin maintaining the illusion of calm, but the nature of the battle has changed. We are now in the endgame, where pushing as much of the damage as possible onto your rivals has replaced cooperation. The jackals are now fighting amongthemselves, to see who will survive.What is coming, is something none of us has ever seen before. Were the British plans to prevail, the world would descend into a fascist, Cheneyesque nightmare: governments stripped of what little remains of their abilities to protect their populations from imperial looting, corporate cartels gouging the public in ways that bring to mind what Enron did to California,a veritable new dark age of austerity, population reduction, and utter chaos—with the City of London ruling over whatever pile of rubble is eft.

The irony is that the nation-state is far superior to the British Empire.

You have every right to be impatient. We all are impatient. And this should frighten us. When the fox is garden the hen house-we all should be afraid.

Okay. Enough with being scared. Now we have to do something. What? I'm of the generation (and the very small part of it) that took to the streets during the 60s to bring about change. Sometimes it worked, sometimes it didn't.

Today, our society seems mostly comatose. We have become the Brave New World of Aldous Huxley's vision. Now that is scary.

It is going to take a major, transformational jolt to bring people to their senses.

My fear is that when they come to, they'll want a dictator-anybody-who will promise them the "something for nothing days" and the easy life will return.

"Wait until the prime mortgage implosion next year. We are not even in middle stages to the housing crisis and mortgage debacle. IT WILL CHANGE THE ENTIRE US SYSTEM, IN EVERY PHASE, NOT JUST FINANCIAL."

"Wait until the prime mortgage implosion next year. We are not even in middle stages to the housing crisis and mortgage debacle. IT WILL CHANGE THE ENTIRE US SYSTEM, IN EVERY PHASE, NOT JUST FINANCIAL."

Things will change temporarily. Whether it's 2 years or 20 years nobody knows. You can rest assured that the next bubble will come along. The Great depression changed one generation then their children because greedy selfish drug addicted socialists who wanted everything for nothing. Now they want "free" healthcare for their broken down fat old bodies worn out from decades of drug abuse, junkfood and venereal diseases.

Frog marching refers to the practice of forcibly transporting suspects or prisoners through a public place, up to and including carrying them such that their limbs splay in a frog-like manner. (Perp walking is similar, but implies the subjects move more or less under their own power.)

Frog marching may be necessary to transport prisoners who are uncooperative or intoxicated. However, as a forced public spectacle, it may serve as well to humiliate those marched and send a message to those looking on.

Expecting justice for the likes of Mozilo is futile: I gave up hope when he appeared a few months ago on a panel drawn by our President, sitting next to bigwigs like Bernanke, Paulson, etc.

Haven't you all noticed the billions of $$$ being infused into the market by the so-called "Plunge Protection Team"? They did it again, just the other day. The government is pumping liquidity into the market as fast as it can, letting the dollar be damned (even though it won't stop the hemorrhaging).

Why? Firms like CFC are considered "too big to fail", and Bush will do whatever it takes to prop up a firm like CFC on life support in a persistent vegitative state, even long after it should've died a natural death.

What irony, eh, since Tangelo looks so freaking unnatural: turns out he's not really alive, but half-dead, just like a vampire.